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Unlock Your Business Potential : Register Your Company in Dubai Today!
When it comes to company registration in Dubai, UAE, the first thing that you need to decide is whether your company will be located on the mainland or in a free zone.
If your company is intended to be set up as a mainland company, you might need a Local Sponsor. This requirement varies by type of commercial activity – most business activities do not require a Local Sponsor. However, it is still mandatory for some sectors like Construction and Defence. There are some 2,100 commercial activities, and it is possible to get a business license for multiple activities. Good business setup consultants in Dubai can help you figure out if your proposed company needs a Local Sponsor.
The Local Sponsor needs to be an Emirati (this is the term used to address a UAE national, someone who is a citizen of the United Arab Emirates) who has attained the age of 21. It could also be a company incorporated in the United Arab Emirates that is 100% owned by Emiratis. According to UAE law, the Local Sponsor (also referred to as Local Partner) must own 51% of the shares in the company. He/She will legally represent the company before all Government agencies.
So you need someone with experience in business setup in Dubai. A company formation expert who has specific experience in business setup in Dubai can put you in touch with the right Local Sponsor for your business. It is to be noted that the Local Partner owning 51% of the shares in the company does not mean he/she will take home 51% of the profits. The Local Partner could be compensated for his/her services on a monthly/quarterly/half-yearly/annual basis, or he/she could take a percentage of the sales.
Company Registration in Dubai Freezone
Alternatively, you could set up your company in a free zone. Free zones are established with specific objectives in mind and have dedicated infrastructure for the same purpose. You do not need a Local Sponsor for your free zone company, but then again, not all commercial activities are allowed to be carried out by a free zone company. To be specific, only Limited Liability Company structures are permitted in free zones. Limited Liability Companies cannot engage in banking/finance/investment, to mention one example.
A&A Associates LLC: Steps to Follow for New Company Registration in Dubai
Choose a company name
and activity
Decide on the
legal structure
Obtain necessary
licenses
Get initial approval
Draft and notarize the Memorandum of Association (MOA) or Local Service Agent (LSA) agreement
Rent an office space
Get final approval and licensing
Open a corporate bank account
Register for visas
Register for VAT
Types of Company Registration in Dubai
Free Zone
Company
A free zone company allows 100% foreign ownership and provides various incentives such as tax exemptions, easy licensing, and simplified procedures. This type of Freezone company registration is ideal for businesses involved in trading, manufacturing, and services.
Mainland
Company
A mainland company allows you to conduct business locally and internationally. It requires a local Emirati sponsor or partner, holding 51% ownership. This type of Mainland company registration is suitable for companies planning to engage in activities like retail, food service, and professional services.
Offshore
Company
An offshore company is a non-resident company that can conduct business outside of the UAE. It offers maximum privacy and asset protection, as well as tax advantages. This type of Offshore company registration is commonly used for international trading and investment activities.
Branch of a
Foreign Company
At A&A Associate LLC, we understand that choosing the right type of company registration in UAE crucial for your success. Our team of experts is dedicated to providing professional assistance in setting up your business in Dubai. Contact us today to learn more about how we can help you navigate the Company Formation in Dubai and ensure a smooth start to your entrepreneurial journey in Dubai.
Business Structures for Company Registration in Dubai, UAE
If there is only one business owner for the company, it has to be incorporated as a Sole Establishment. This is the same as a Proprietorship Firm. If you have a business partner, or more than one, it is recommended that you set up your company as a Limited Liability Company or LLC. The minimum number of owners required for a Limited Liability Company is two and the maximum number is 50. If there are more than 50 shareholders, then you have to register the company as a Private Limited Company.
You can also register your company as a Private Limited Company if you plan to have majority shareholder(s) and minority shareholder(s). In a Limited Liability Company, all the shareholders own an equal percentage of the shares. If you plan to take your company public later on, you need to register it as a Public Joint Stock Company. Or as a Branch Office if the company will be owned not by an individual(s), but by another company.
You could also register your company as a Representative Office if it will be owned by another company located overseas. The difference between a Branch Office and a Representative Office is that a Representative Office is not allowed to make a profit. A Representative Office must outsource all its work back to its parent company. So depending on your business needs, there can be the right company type for you.
How a Company Registration Expert Can Help You Start Your Business?
A company registration expert can help you in deciding on the right type of company for your business. He/She can also draw up the company formation documents, which mention the name of the company, who the owner(s) is/are, and the reason why it is being set up. The company formation documents need to be duly notarized by a Notary Public for them to have legal validity in the United Arab Emirates. Your friendly business setup consultant who specializes in new company registration in Dubai UAE can help you get the company formation documents notarized.
There are certain rules pertaining to company nomenclature in the United Arab Emirates. You are not allowed to have religious terms in the name of your company. A first name is allowed to be part of the company name only if it is the first name of one of the shareholders. The names of cities and countries are not allowed, but nationalities and names of geographical regions are permitted. Your company name – formally referred to as your trade name – cannot begin with terms like ‘Global’ or ‘International’.
A good business setup consultant can not only advise you on this aspect but also run a search to see if the name you have in mind is available. He/She can also reserve the trade name prior to drawing up the company formation documents, so that when you apply for company registration in Dubai, your preferred trade name will be allotted to you and not anyone else who applies for the same trade name before you. This can prevent you from having you go back to square one and redo everything all over again.
When you apply for company formation in Dubai, you are also required to submit a copy of your Tenancy Contract. So you would have to lease commercial space before applying for company registration in Dubai. You need to select a suitable commercial space for your operations, enter into a Tenancy Agreement with the owner of the premises, and register the Tenancy Agreement so that it becomes a legally binding Tenancy Contract, or Ejari as it is known locally.
Your Company Registration Expert Will Take care of All Your Documentations and Approvals
Your business set up consultant can help you find the right commercial space for your company. Depending on the nature of your business, you might require office space alone; or office space with a warehouse. If you are planning to store anything in bulk (such as would be the case if you plan to open a general trading company), you would need a warehouse. If you are planning to store fresh produce and/or frozen food, you would need a temperature-controlled warehouse.
Once you have been granted new company registration and a Business License, you can commence operations immediately. A business setup consultant can also help you open a bank account so that you can make and receive payments with ease. Owing to strict anti-money laundering regulations in the United Arab Emirates, it is not easy to open a bank account. But with the right business setup consultant in your corner, the entire process could take as little as two hours instead of the whole day.
Need Professional Assistance with Company Registration in Dubai?
The team of experts at A&A Associate LLC has years of experience with company registration in Dubai and the rest of the United Arab Emirates. They come from an array of diverse backgrounds such as Legal, Finance, and Management; and can be expected to lend their expertise. For new business setups in Dubai, they can be counted on to assist you with all the documentation and the filing process, so that your company registration in Dubai happens smoothly.
If you are looking at options for low-cost business setup in Dubai, then A&A Associate LLC is the right business setup consultant for you. They can help you with company registration in Dubai. So for all your needs pertaining to company registration in Dubai, A&A Associate LLC can advise you on the right course of approach, so that it is a hassle-free affair. You need not think of any other business setup consultant for new company registration in Dubai. We take care of everything so that you don’t have to.
Have a question? Get in touch today
We can provide free qualified guidance to help get you started with your business needs.
Faq
Can a foreigner own a company in Dubai?
Yes, foreign nationals can fully own a company in Dubai depending on the type of company and the business activity. However, there may be restrictions in certain sectors.
How long does the new company registration in Dubai process usually take?
The company registration process typically takes around 7 to 10 working days, depending on the type of company and the completeness of the required documents.
Can A&A Associate LLC assist in finding office space for the company?
Yes, A&A Associate LLC can assist you in finding suitable office space for your company in Dubai. We have a network of real estate agents and can help you find the right office space to meet your requirements.
Are there any ongoing compliance requirements after company registration in UAE?
Yes, there are ongoing compliance requirements that must be fulfilled by the registered companies, including
- Renewal of licenses annually
- Filing of annual financial statements
- Maintaining proper accounting records
- Compliance with tax obligations
Can A&A Associate LLC help with visa processing for employees?
Yes, A&A Associate LLC can assist with the visa processing for your employees. We have a dedicated team that can guide you through the visa application process and ensure that all the required documents are submitted correctly.
What are the advantages of new company registration in the Dubai Free Zone?
Registering a company in a Dubai Free Zone offers several advantages, such as:
- 100% foreign ownership
- Tax exemptions and customs duty benefits
- Repatriation of profits and capital
- Easy company setup process
- Access to state-of-the-art infrastructure and facilities
How can I get started with registering my company in Dubai with A&A Associate LLC?
To get started with registering your company in Dubai with A&A Associate LLC, you can contact our team via phone, email, or our website. Our experienced consultants will guide you through the process and provide you with all the necessary information and assistance.